New Plays, Saturday, 06/16/2007
Most Recent Plays
by OI Staff
HAVING TROUBLE PRINTING?
BRS - $51.27 - Bristow Group
Bristow finally broke out of its consolidation phase and triggered our entry on
Thursday at $50.50.
Bristow recently reported earnings that rose +36% on increased flight hours and
better pricing. They provide flight services to offshore platforms around the
world. Since offshore drilling is rapidly expanding and the distance from shore
is increasing I expect Bristow to continue to grow earnings.
Bristow Group Inc., formerly Offshore Logistics, Inc., is a provider of
helicopter transportation services to the worldwide offshore oil and gas
industry with operations in the United States Gulf of Mexico and the North Sea.
The Company also has operations, both directly and indirectly, in offshore oil
and gas producing regions of the world, including Australia, Brazil, China,
Mexico, Nigeria, Russia and Trinidad. The Company also provides production
management services for oil and
gas production facilities in the United States
Gulf of Mexico. As of March 31, 2006, the Company operated 331 aircraft, and its
unconsolidated affiliates operated an additional 146 aircraft worldwide. The
Company operates business in two segments: Helicopter Services and Production
Management Services. Bristow Group Inc. conducted Helicopter Services through
six business units: North American, South and Central American, Europe, West
Africa, Southeast Asia, and Other International Operations.
Bristow has no LEAPS
Breakout trigger: $50.50 hit 6/14
Position: Dec $50 Calls BRS-LJ @ $4.40
MDR - $83.50 - +6.52 - McDermott Intl
McDermott consolidated for about a week and then blasted off to new highs and we
were triggered at the break at $78 just as the consolidation ended.
McDermott International, Inc. (MII) is an engineering and construction company
with specialty manufacturing and service capabilities. MII is the parent company
of the McDermott group of companies, which includes J. Ray McDermott, S.A. (JRMSA)
and its consolidated subsidiaries; McDermott Holdings, Inc. (MHI) and its
consolidated subsidiaries; McDermott Incorporated (MI), a subsidiary of MHI, and
its consolidated subsidiaries; The Babcock & Wilcox Companies (B&WC), a
of MI; BWX Technologies, Inc. (BWXT), a subsidiary of B&WC, and its
consolidated subsidiaries, and The Babcock & Wilcox Company (B&W), a subsidiary
of B&WC, and its consolidated subsidiaries. MII is a worldwide energy services
company operating in three business segments: Offshore Oil and Gas Construction,
Government Operations and Power Generation Systems.
Breakout trigger: $78.00 Hit 6/11
Position: 2009 $80 LEAP Call OYZ-AP @ $9.80